Magnachip announced on August 12, 2025, that it plans to invest in its Gumi fab and Martino was appointed Interim CEO.

The entities involved

• Seoul →

  capital and largest city of South Korea

  • A Belgian visitor attended a festival in Seoul on October 30, 2026.10:15
  • A standoff occurred along the heavily fortified border between North Korea and Seoul.04:50
• Gumi →

  city in North Gyeongsang Province, South Korea

  • LS Cable & System is investing in a magnet plant in Gumi and planning to source rare earth materials from Australia.05:36

Related events

• Companies, including Samsung Electronics, are operating within the greater Seoul metropolitan area.Jul 3
• South Korea is strategically positioning Seoul as a hub for future AI expansion, driven by domestic market growth advocacy and a push for self-sufficiency.Jul 21
• The World Bank Group announced a new strategy in Seoul on October 1, 2026.Oct 20
• The Financial Supervisory Service (FSC) plans to relocate its operations from Seoul to Sejong.Oct 15
• Seoul's infrastructure and Joint Chiefs of Staff resist relocation to Sejong despite government plans for the new administrative capital.Oct 18